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Top Fintech VC QED Investors Hires Singapore Based Principle to Focus on Southeast Asia Market
QED Investors has appointed Melissa Ho as its lead in Southeast Asia as the Fintech VC focuses on the hot Asian market. QED is one of the leading Fintech venture capital firms in the world. Ho, based in Singapore, will be looking for Fintech firms across stages with an emphasis on early-stage companies.
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Binance, Mastercard Introduce Prepaid Crypto Card in Brazil
Binance and Mastercard (NYSE: MA) are excited to announce the launch of Binance Card in Brazil. Brazil is among “the top ten markets for Binance globally and becomes the second country in Latin America to have the product, following its release last year in Argentina.”. The prepaid card is...
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Yield App Acquires Structured Product Provider Trofi Group
Yield App has acquired Trofi Group, a platform that offers structured product solutions for cryptocurrencies, in response “to growing investor demand for enhanced yield investment opportunities.”. The acquisition adds four new structured product strategies “to Yield App’s product suite that offer the opportunity to capture upside across a range...
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UK Looks to Support Innovation as HM Treasury Plans to Regulate Crypto, Launches Consultation Seeking Industry Input
The UK government has announced its intent to “robustly regulate crypto-asset activities.” In recent years, the UK has expressed its intent to become a crypto hub – supporting innovation while crafting a regime that provides sufficient consumer protections and transparency. The goal is to deliver on Prime Minister Rishi Sunak’s plan to grow the economy while enabling innovation. Crypto assets will be regulated similarly to traditional financial offerings.
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Second Mover Advantage: Crypto Council Comments on UK’s Push to Regulate Crypto, Embrace Digital Asset Innovation
Yesterday, the UK government announced that it would assist the crypto industry by providing robust regulation of the emerging innovation. As industry insiders acutely understand, without clearly defined rules, risk increases, generating hesitancy and undermining acceptance of the technology. While policymakers in the US have yet to pursue a similar...
New deadline for delivery of stimulus checks in the U.S.
In the United States, there is a territory that extended the deadline for the delivery of stimulus checks due to the high prices imposed by inflation. It is the so-called Golden State, California, where its Franchise Tax Board announced a delay in the review of the information.
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Strike Expands “Send Globally” to the Philippines, Providing Lightning-Fast Money Transfers
Strike, which claims to be the world’s “leading” digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its “Send Globally” product to the Philippines. Send Globally now “enables fast, secure, and low-cost money transfers between the U.S. and the Philippines, revolutionizing...
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UK’s Digital Bank Zopa Secures £75M to Accelerate Growth in 2023
Digital bank Zopa has raised £75 million ($93m) in order “to drive its next phase of growth, supporting its vision to become Britain’s best bank.”. The deal cements and markedly “enhances Zopa bank’s Unicorn status, and was led by existing investors.”. The proceeds from the...
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Thailand based Insurtech Eazy Digital Secures $850K via Seed Round
Eazy Digital, a Thai insurtech startup that provides digital platforms for insurance companies, has raised US$850,000 in an oversubscribed seed funding round. The investment round was “led by Wavemaker Partners, with participation from Seedstars International Ventures, Wing Vasiksiri, and Sasin Bangkok Venture Club.”. Eazy Digital is a platform that...
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Digital Securities Exchange ADDX Lists Hedge Fund Asia Genesis
Digital securities exchange ADDX has listed another alternative asset on its marketplace. The most recent offering is for the hedge fund Asia Genesis. According to ADDX, Asia Genesis is an Asia-focused macro hedge fund that aims to provide both capital preservation and positive annual compounding. Net return for 2022 was reported at +15.3%. The fund is said to trade exclusively in highly liquid exchange-listed futures and options. There is a monthly redemption option with no lock-in periods.
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Tempo France, Armenotech, Partner on Blockchain Powered Payments and Transfers
Stellar blockchain proponents Tempo France and Armenotech have announced a partnership on payments and remittances, according to a note from the firms. Tempo France is an international money transfer system that recently utilized Stellar to power transfers in Europe and the Asia Pacific region. Tempo reports using over 100 payment methods in 100 countries globally.
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HSBC Is Looking for Digital Asset, Tokenization Professionals
The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and Wealth (GPBW) business and both...
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European Investment Bank (EIB) Issues Digital Bond in Pound Sterling
The European Investment Bank (EIB) priced its first ever £50 million digital bond using a combination of private and public blockchains operated and accessed via HSBC Orion – the bank’s tokenization platform. It follows the recently adopted Luxembourg legal framework tailored “to allow for the issuance, transfer,...
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Aurox Introduces Crowdfunding Campaign on tZERO Markets Platform
TZERO, a financial technology company providing transformative market-based solutions for companies, entrepreneurs, and retail & institutional investors, announced the launch of Aurox’s crowdfunding campaign on the tZERO Markets platform. Aurox, a cryptocurrency DeFi-focused software development company, is “seeking to raise capital from the public to continue product development and...
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Digital Assets: Securitize Lists Hamilton Lane Equity Fund
Hamilton Lane (NASDAQ: HLNE), one of the largest private markets investment firms in the world, has listed its Equity Opportunities Fund V, on the digital securities platform Securitize. Going forward, Securitize and Hamilton Lane plan to launch two additional feeder funds in the coming months. The digital fund is tokenized...
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Renewed Interest in Digital Assets as Largest Inflows Occur Since Last July Driven by Bitcoin
After months of diminished interest, interest in digital asset investment products picked up last week, according to Coinshares. The report states that digital asset investments experienced a $117 million inflow last week, the largest since July 2022. At the same time, total assets under management (AuM) rose to $28 billion, up 43% from the November 2022 lows.
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MENA Region Fintech Firm Wafeq Raises $3M via Seed Round Led by Raed Ventures
Wafeq, a modern and easy-to-use accounting platform, has announced the completion of its $3 million seed round. The Dubai-headquartered company’s seed round was “led Raed Ventures by and saw participation from Wamda Capital, both of which are two of the most prominent names in the region’s early-stage funding ecosystem.”
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Fintech Mayfair Cash Account Launches with 4.02% APY, Automated Treasury Management
Mayfair, a Fintech startup backed by Tiger Global and Amity Ventures, is helping companies put “every last idle dollar to work.”. Its clients avoid “the price and liquidity risks of financial products typically marketed to businesses, and can take advantage of automated cash management to earn 4.02% APY.”
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BNP Paribas Asset Management Appoints Geoff Dailey as Head of US Equities
BNP Paribas Asset Management (BNPP AM) announces the appointment of Geoff Dailey as Deputy Head of US Equities, with effect from February 2023. He will succeed Pamela Woo as Head of US Equities “following her planned retirement at the end of June 2023.” Pamela retires after “a long and successful career spanning 30 years in the industry, including almost 20 years at BNPP AM.”
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Stealth Bank Wise: In Q3 FY 2023, Transfer Volume Rocked by 28% Versus Year Prior Quarter, Highly Profitable
Wise (LSE:WISE), a global transfers and payment platform that is also an emerging neobank, says that in Q3 FY 2023 its 5.8 million customers moved 28% volume or £26.4 billion, in comparison to the same quarter year prior. Wise said that for its third consecutive quarter, more than 50%...
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